ABI Launches New Trade Credit Insurance Guide
As economies across the world respond to uncertainty caused by political shake-ups across the globe, the new guide explains how trade credit insurance can not only protect all types of businesses but also assist them to grow in new and existing markets.
Trade credit insurance provides cover for businesses if customers who owe money for products or services do not pay their debts, or pay them later than the payment terms dictate.
It is an enabler for businesses, with almost 12,000 policies taken out by British companies in 2015; not only to protect their business but also to see it grow. In 2015 ABI members insured almost
ABI's Assistant Director, Head of Property, Commercial & Specialist Lines,
"The ABI's new Trade Credit Insurance Guide gives businesses invaluable information to help them grow their business in these uncertain times. Trade credit insurance helps businesses have the confidence to trade, secure in the knowledge they are financially protected. Arguably this has never been more important and recent uncertainty should serve as a reminder to businesses of the importance of having cover in place."
A copy of the Trade Credit Insurance Guide can be found here (https://www.abi.org.uk/~/media/Files/Documents/Publications/Public/2016/Guidance/ABI%20Trade%20Credit%20Insurance%20Guide.pdf).
Notes for Editors:
1. What is trade credit insurance?
Trade credit insurance provides cover for businesses if their customers that owe money for products and services do not pay their debts, or pay them later than the payment terms dictate. This insurance protects businesses against commercial risks that are beyond their control and helps them to grow by minimising the financial implications of sudden or unexpected customer insolvency. Credit insurance gives businesses the confidence to extend credit to new customers and improves access to bank funding, often at more competitive rates. Trade credit insurance is for products and services that are due within 12 months.
2.
3. An ISDN line is available for broadcast.
4. More news and information from the ABI is available on our web site, www.abi.org.uk
[Category: Insurance]
30FurigayJane-5700615 30FurigayJane
Can Obamacare survive without Obama?
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News